(at the request of Senate Interim Committee on Judiciary for Oregon State Bar Sustainable Futures Section)

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Bill Title:

Relating to the prudent investor rule.

Catchline/Summary:

Modifies prudent investor rule to allow trustee to consider settlor's or beneficiaries' personal values, including settlor's or beneficiaries' desire to engage in sustainable or socially responsible investment strategies aligning with settlor's or beneficiaries' social, environmental, governance or other values or beliefs, and beneficiaries' financial needs, when making investment decisions.

Modifies prudent investor rule to allow trustee to consider settlor's or beneficiaries' personal values, including settlor's or beneficiaries' desire to engage in sustainable or socially responsible investment strategies aligning with settlor's or beneficiaries' social, environmental, social and] governance factors of investments] or other values or beliefs, and beneficiaries' financial needs, when making investment decisions.